Nicaraguan Exporters Reluctant Over SucreThe industry is concerned about the currency that is defined by reference to trade with Venezuela through the Unitary System for Compensation of Regional Payments (known as SUCRE).Thursday, October 25, 2012
The Superior Council of Private Enterprise (COSEP), warned that if Albalinisa, which concentrates all exports to Venezuela, decides to use the cordoba in parity with the the sucre, there would be an economic loss because of the need to change from dollars to cordobas. Source: laprensa.com.ni ¿Busca soluciones de inteligencia comercial para su empresa?Nicaragua Adheres to SucreNovember 2012 Nicaragua's National Assembly approved the country's accession to the SUCRE regional payments system. Nicaragua: Pressure to Ratify Sucre as CurrencyOctober 2012 Pending in the Nicaraguan National Assembly is adherence to the Unitary System for Regional Compensation Payments, using the Sucre as currency in trade between the member countries of the Bolivarian Alliance. Nicaragua to Adopt SUCREMarch 2010 The Central Bank of Nicaragua has earmarked $24 million for an account in SUCRE to be used by importers and exporters. Alba To Implement Sucre for PaymentsJanuary 2010 A rice shipment from Venezuela to Cuba will become the first trade transaction done using Sucres ("Unitary System for the Regional Compensation of Payments").
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